RES 98048 - Laserfiche WebLink

Section 10. Effective Date of Fee The parries desire that the Tri-Valley Transportation Development Fee shall be effective in each jurisdiction on the same date. Accordingly, each party shall time the adoption of its resolution or ordinance imposing the fee in such a manner that the fee shall be effective as of September 1, 1998 ("the Fee Effective Date"). Section 11. Strate~c Expenditure Plan a. The initial Strategic Expenditure Plan CSEP") is the 580/680 interchange project described in Section 8.a. b. The TVTC shall prepare and forward to each Party a draft SEP, within six months of the Fee Effective Date. The SEP shall include project cost and revenue estimates for the TVTD Fee, a prioritization plan and a timeline for project delivery. It shall also include reasonable requirements for indemnification and insurance, as appropriate for individual projects, and may include requirements that Project Sponsors or other entities which construct any of-the Projects defend and indemnify the Parties. The SEP may also include guidelines governing credit and/or reimbursement for developer-constructed Projects as authorized by, and consistent with, Section 15. Appropriate capital improvement procedures shall be reflected in the SEP. Any TVTD Fees retained by the pardes and not transmitted to the Joint TVTD Fee Account shall also be reflected within the SEP. c. The SEP must be reviewed and approved unanimously by all of the Pardes. The SEP must be reviewed at least once every two years by the TVTC. Each revision shall require unanimous approval by the TVTC. d. The TVTC shall consider the following criteria when establishing the priority of Transportation Improvement Projects in the SEP: (i) Project Readiness: Ability of Project Sponsors to move directly to final design and construction, ~vhich could be represented by, among other things, completion of environmental Joint Exercise of Powers Agreement Page 15 of 22 TVTD Fees for Traffic Mitigation April 24 1998